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ENGELMEYER v. PRODUCTION CREDIT ASS'N OF MIDLANDS

Civ. No. 86-3025.

652 F.Supp. 1235 (1987)

J.C. ENGELMEYER and Mildred Engelmeyer, Plaintiffs, v. PRODUCTION CREDIT ASSOCIATION OF the MIDLANDS, a Federal Corporation, and Federal Intermediate Credit Bank of Omaha, A Federally Chartered Corporation, Defendants.

United States District Court, D. South Dakota, C.D.

January 28, 1987.

Attorney(s) appearing for the Case

Dale Benson, Willoughby & Benson, Burke, S.D., James M. Corum, Minneapolis, Minn., for plaintiffs.

Brent A. Wilbur, May, Adam, Gerdes & Thompson, Pierre, S.D., for defendants.

MEMORANDUM OPINION

DONALD J. PORTER, Chief Judge.

This suit was commenced by the plaintiffs in the state Circuit Court of Gregory County, South Dakota, alleging wrongs committed in a borrowing arrangement between the parties. The two defendants in this case, Production Credit Association of the Midlands (PCA) and Federal Intermediate Credit Bank of Omaha (FICB) are federally chartered corporations pursuant to 12 U.S.C. §§ 2071 and 2091. The United...

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